Pfizer dips on profit-taking - Analysis - 15-12-2017

Pfizer's stock (PFE) fell in the intraday levels, registering a loss of 0.49% in the last session, or 0.18 points, as traders collect recent short-term profits, while the stock gathers momentum to help it rise anew, amid positive support from the 50-day SMA, with positive signals from the RSI, while the stock trades within an ascending price channel that limited recent short-term trading. 

Therefore we expect the stock to return higher, targeting the resistance of 37.39, as long as it settles above 36.48.